BIDDING: Why did my bid price increase by more than the minimum bid increment?

BIDDING: Why did my bid price increase by more than the minimum bid increment?

Share this:

Question

Why did my bid price increase by more than the minimum bid increment?

Answer

This happens in the case of simultaneous bids and Bids below the reserve price. If two bids occur in close succession, the bid price is driven up by both bids and may appear to occur simultaneously, especially when other people have placed ‘maximum’ bids.

This website uses cookies to improve your experience when using the site. To find out more about how we use cookies and how you can control them please read our privacy policy. Use of this website means you have accepted the policy.